Sciencast Management LP purchased a new stake in Navient Corp (NASDAQ:NAVI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,800 shares of the credit services provider’s stock, valued at approximately $178,000.

Several other hedge funds also recently bought and sold shares of NAVI. Bank of New York Mellon Corp lifted its stake in shares of Navient by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,984,964 shares of the credit services provider’s stock valued at $53,718,000 after purchasing an additional 47,749 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Navient in the 3rd quarter valued at $272,000. LPL Financial LLC lifted its stake in shares of Navient by 49.2% in the 3rd quarter. LPL Financial LLC now owns 20,996 shares of the credit services provider’s stock valued at $283,000 after purchasing an additional 6,919 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Navient by 3,376.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 333,700 shares of the credit services provider’s stock valued at $4,498,000 after purchasing an additional 324,100 shares during the period. Finally, HRT Financial LLC acquired a new position in shares of Navient in the 3rd quarter valued at $169,000. 96.26% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on NAVI shares. Zacks Investment Research downgraded Navient from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. BidaskClub raised Navient from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 5th. JPMorgan Chase & Co. raised Navient from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $13.00 to $12.00 in a research note on Wednesday, January 16th. Oppenheimer reaffirmed a “hold” rating on shares of Navient in a research note on Friday, January 25th. Finally, ValuEngine raised Navient from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.55.

Shares of Navient stock opened at $12.19 on Friday. The firm has a market cap of $2.98 billion, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 2.05 and a beta of 2.29. Navient Corp has a 12 month low of $8.23 and a 12 month high of $15.02. The company has a debt-to-equity ratio of 26.37, a quick ratio of 17.67 and a current ratio of 17.67.

Navient (NASDAQ:NAVI) last issued its quarterly earnings data on Tuesday, January 22nd. The credit services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The business had revenue of $307.00 million for the quarter, compared to the consensus estimate of $315.67 million. Navient had a return on equity of 14.08% and a net margin of 7.04%. During the same quarter last year, the business posted $0.43 EPS. On average, analysts expect that Navient Corp will post 1.98 EPS for the current year.

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Navient Company Profile

Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates in three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company holds and acquires Federal Family Education Loan Program loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, and federal education loans owned by the United States Department of Education and other institutions.

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Institutional Ownership by Quarter for Navient (NASDAQ:NAVI)

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